Capitec Bank
latest news & developments
Capitec at 25: how scale, trust and practical innovation are reshaping access to finance
Capitec reports headline earnings growth of 23% to R16.8 billion, celebrates R1 billion in client savings, and enters its next chapter as a diversified financial services group…
SA’s unemployment is not a statistical construct; it’s a real and painful hardship
For the millions of jobless people, this discussion is trivial
Capitec undeterred by earnings dip, focuses on growth
Planning for innovation and not the pandemic has given Capitec bank runway to better results
The crisis can ‘galvanise all of us to eradicate inequality’
To lessen the damage being wrought by the lockdown, the coronavirus budget mixed increased grants with more money for infrastructure and to keep businesses
New banks circle small businesses
TymeBank, Bank Zero and Capitec are all looking for ways to woo businesses – including SMMEs – on to their books
Retail focus for banking’s phoenix
The African Bank, which relied on unsecured lending, has diversified its product offerings
What you should know when buying a car
Tshegofatso Makgabutlane always dreamed of having her own car. By budgeting carefully and using credit responsibly, her dream became a reality
Is Absa’s new coat of paint enough?
Analysts say the rebranded banking giant needs more than just a fresh logo to regain market share
![We overly relied on the audited financial statements [of VBS], said Kuben Naidoo.](https://images.newsteam.io/image/1000/2Bq28FuGKoK2FmbRjd1eaNA6T62pNtiuRwxvGG5Bncwrpb7Dh5KNQgBwuoaK6AzjsWKr7HmtUtFkUTMhgCfyGjyK3JzZ5MYY9aQz12agfmUP9cMLTftRdkCSJY4XwkHoF41e9uWF7gkvbv3vm3TPHi4)
SARB’s Kuben Naidoo clears Capitec confusion: There is no new probe
The bank on Wednesday morning reiterated that it had not been contacted by the NCR
S&P raises Capitec, African Bank’s national rating
The Reserve Bank placed the African Bank under curatorship in 2014
Capitec shows resilience in first post-Viceroy annual results
The bank reported an 18% jump in headline earnings boosted by client growth and fee income
Finance committee grappling with Viceroy status
Ismail Momoniat said the status of Viceroy as a company made it difficult for South Africa to hold its report responsible.
Is Capitec Another Steinhoff? Not Quite.
Capitec stock fell by about 20% when Viceroy Research released a report claiming that Capitec bank “is a wolf in a sheep’s clothing and a loan shark”
Viceroy: Capitec is ‘a wolf in sheep’s clothing’
In a new 33-page report, published and uploaded to the Viceroy website, the short sellers said they did not buy Capitec’s ‘good news story’.
Capitec Bank cuts back lending to poorer workers
"We have limited credit extension to lower income earners," the bank said in a statement accompanying its results.